Centering Community Voice for Greater Impact
Hundreds of thousands of Massachusetts residents who are working to get back on their feet after the worst of the pandemic uncovered profound and historic inequities are being hit with record-breaking inflation, job losses and the threat of a recession. As a result of these challenges, affordable housing, healthcare, and childcare are becoming further and further out of reach. These are issues that we as a community have a unique and urgent opportunity to address.
Long-term financial well-being is a priority in our communities. Community members described financial well-being in a future sense, citing homeownership and getting out of debt among important indicators of financial well-being, more frequently than they did in terms of meeting immediate needs such as keeping up with housing costs.
were even more likely than older participants to identify longer-term indicators of financial well-being. United Way continuously heard from young people that while they want to meet their most immediate needs, they are future-oriented and eager to build toward long-term financial well-being.
TIME WITH FAMILY
The areas that United Way prioritizes largely align with how community members perceive financial well-being: Over 60% of survey respondents reported financial well-being indicators that relate to our five key service areas. The balance of the responses were longer-term, holistic responses that financial well-being means aspirations like “spending more time with my family.”
Not all financial well-being indicators appear on a budget or balance sheet. 22% of respondents described indicators attached to a holistic -being, such as freedom or lack of stress. These intangibles are just as important as, and often driven by, financial stability.